Chase Freedom Sign-Up Bonus + No Annual Fee!

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It might be a little bit surprising that one of my very favorite rewards credit cards actually comes with no annual fee, but it is actually true.  The Chase Freedom has no annual fee, but yet delivers some very solid 5x point rewards in rotating categories making it one of my very favorites.

transferable Ultimate Reward points if you also have the Ink Bold Business Charge Card, Ink Plus Business Credit Card, or Chase Sapphire Preferred® Card.

The Chase Freedom has a permanent spot in my wallet in part because it is my oldest credit card, in part because it has no annual fee, but also because of the valuable rotating 5x bonus categories each quarter. It isn’t just a card I have in a drawer, it is a card I actively use year after year.

 

Here are the remaining 5x bonus categories for 2015:

April 1 – June 30:

5x on Restaurants, Bed, Bath, and Beyond, H&M, and Overstock.com purchases

July 1 – September 30:

5x on Gas Stations and more

October 1 – December 31:

5x on Amazon.com and more

Chase Freedom 2015 5x Categories

You have to activate the bonus categories and there is a $1,500 cap on the 5x earning for each quarter, but that means you can get 30,000 Ultimate Reward points each year for just $6,000 in spending on an annual fee free credit card.  These Ultimate Reward points can be transferred 1:1 to hotel and airline partners such as United, Hyatt, British Airways, Singapore Airlines, Marriott, IHG Rewards, Southwest and more if you also have the Ink Bold, Ink Plus, or Chase Sapphire Preferred® Card.

If you don’t also have one of those cards you can use the points at a one point = one cent value toward gift cards or statement credits.  You can also use them at a rate of 1.34 cents each toward airfare even without having any of those other cards.

If you already have the card yourself, some people have had the increased offer available via the Chase Refer-A Friend website which would enable you to get 5,000 bonus points for each approved friend/family member you refer.

If I didn’t already have this card I’d be pulling the trigger given the historical levels for this sign-up bonus!

Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.

Disclaimer: The comments below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Comments

  1. Can you transfer the reward points from chase freedom to a spouse’s ultimate rewards account? If my wife gets the freedom card, can she then transfer them to my chase sapphire ultimate rewards account? You mention transfers between YOUR accounts but does that apply to a spouses account as well. Thanks!

  2. Do you add the authorized user when you sign up for the card, or call in after you have the card and add then?

    Thanks for all you do, I love your blog!

  3. Summer, have you heard about the recent changes in Chase’s policy toward people with great credit (820+) being denied for opening too many credit cards within two years? I’ve been reading reports of denials due to new policy change within the last couple of weeks. Makes me very hesitant to apply for any Chase cards. I’d love for you do do a post about this–I know it’s on a lot of peoples minds as they plan the next round. Thanks!

      • Yes, this is what I am talking about Summer, and a ton of comments on other blogs promoting Chase cards. People reporting that agents have told them over the phone of this new policy. People with excellent credit, and also people having no luck with the recon line. I’d really hate to take a ding to get denied, so it kind of changes my strategy. Please let us know if you hear anything ok? Or if you would care to share your Chase strategy that would be wonderful. Thanks!

        • Leah, my Chase strategy is similar to my overall credit card strategy….I’m pretty slow and conservative, so I’m guessing I’d still be fine even if the changes in the FT thread are true. My strategy is too conservative for some and still probably too aggressive for others, but I add a handful of cards a year to my stash, and a handful to my husbands. I don’t know the exact number per year without looking at credit reports, but I would say average of 3-6 for each of us from a variety of banks. I only apply when the bonuses are high and/or I really have a near term need for the points.

          • Summer, I applied for the Freedom yesterday and was denied. When I called recon they said it was for too many cards opened in the past 2 years. I have opened 8 in two years, but only one of those was with Chase! I only have two personal Chase cards and one Ink. My credit score is over 800 and I have 30 years of perfect credit. Am I correct in assuming this is seriously bad news for those of us in the Miles and Points game? I don’t know why Chase would do this!

      • I’m pretty conservative too, but currently have 4 Chase cards (SW, Ritz, BA, UA). I wanted to dump the UA and grab a different card, but this is the 4 in 2yrs limit people are talking about. Guess I’ll get even more conservative with them. I’ve been doing 2-3 cards every 3-4 months, probably 6 per year.

        Do you regularly cancel a card when the AF comes up? I do that if I don’t see long term use for it, or I try to downgrade to a free card. The only one I regret is getting rid of SPG Amex.

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